Trailing Dividend / Share
$0.09
Empire State Realty OP, L.P. (ESBA) Dividend History
Income profile from 2013 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
1.6%
Payout Ratio
49.8%
Sustainable
Dividend Streak
0 years
ESBA Dividend Income Check
Safety
49.8% payout ratio with sustainable safety profile.
Consistency
0 straight years of dividend increases.
Income Trend
Yield on cost is 1.6% and trend is falling.
ESBA Dividend Scorecard
Yield & Income
Dividend Yield1.6%
Trailing DPS$0.09
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout49.8%
Earnings SafetySustainable
FCF Payout247.7%
FCF SafetyStretched
Piotroski F-Score6/9
Growth
Growth Streak0 years
3Y CAGR0.0%
5Y CAGR-7.8%
Yield on Cost (5Y)1.6%
YOC Trendfalling
Total Returns
Buyback Yield0.6%
Total Shareholder Yield2.2%
1Y Total Return-37.4%
5Y Total Return-52.7%
Div Contribution (5Y)5.8%
Estimated $10K growth (return + dividends):
5Y ago$4,72710Y ago$3,95320Y ago$6,211
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). ESBA's recent 5Y regime has been stronger than its full 10Y period, so 5Y can appear higher than 10Y.
ESBA Income Growth Story
Dividend per share and yield on cost over time (14 years of payments)
ESBA Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Monthly dividend calendar — upcoming ex-dates for stocks you follow.
Dividend Analysis
Payout Safety
Empire State Realty OP, L.P. distributes 49.8% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 247.7%, rated "Stretched".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
ESBA does not have a current streak of consecutive dividend increases, with a 3-year CAGR of 0.0% and 5-year CAGR of -7.8%.
Total Shareholder Returns
Beyond cash dividends, ESBA returns capital through share repurchases. The combined picture: 1.6% dividend yield, 0.6% buyback yield, 2.2% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 1.6% and is currently falling. The 5-year total return is -52.7%, with dividends contributing 5.8% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $3,953 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
ESBA Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$0.70
Avg/Payment$0.0350
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 15, 2026Latest | $0.0350 | — | 2.66% | Jun 30, 2026 |
| Mar 13, 2026 | $0.0350 | — | 2.77% | Mar 31, 2026 |
| Dec 15, 2025 | $0.0350 | — | 2.04% | Dec 31, 2025 |
| Sep 15, 2025 | $0.0350 | — | 1.84% | Sep 30, 2025 |
| Jun 13, 2025 | $0.0350 | — | 1.66% | Jun 30, 2025 |
| Mar 14, 2025 | $0.0350 | — | 1.76% | Mar 31, 2025 |
| Dec 16, 2024 | $0.0350 | — | 1.27% | Dec 31, 2024 |
| Sep 16, 2024 | $0.0350 | — | 1.36% | Sep 30, 2024 |
ESBA Dividend vs Peers
Comparable companies in the same industry
#7 yield in peer group
Div Yield
1.6%
#7 of 9
Safety
Sustainable
49.8% payout
Streak
0Y
-7.8% 5Y CAGR
Total Shareholder
2.2%
#8 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| ESBAEmpire State Realty … | $1.4B | 1.6% | 49.8% | 0 | Sustainable |
 ESRTEmpire State Realty … | $921M | 1.6% | 49.8% | 0 | Sustainable |
2nd  SLGSL Green Realty Corp… | $3.8B | 6.1% | — | 0 | Unknown |
 VNOVornado Realty Trust | $7.4B | 1.9% | 15.6% | 0 | Sustainable |
 PGREParamount Group, Inc… | $1.5B | 1.6% | — | 0 | Unknown |
3rd  BXPBXP, Inc. | $10.7B | 6.0% | 2.3% | 0 | Sustainable |
 KRGKite Realty Group Tr… | $5.9B | 3.8% | 79.2% | 5 | Watch |
1st  HIWHighwoods Properties… | $3.3B | 6.6% | 1.4% | 0 | Sustainable |
 CUZCousins Properties I… | $4.9B | 4.3% | 5.3% | 0 | Sustainable |
ESBA Annual Dividend History (2009–2026)
18 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.07 | — | 2 | — | — | — | 0.8% |
| 2025 | $0.14 | 0.0% | 4 | $0.18 | 77.8% | 1.29x | 1.6% |
| 2024 | $0.14 | 0.0% | 4 | $0.28 | 50.0% | 2.00x | 1.6% |
| 2023 | $0.14 | 0.0% | 4 | $0.30 | 46.7% | 2.14x | 1.6% |
| 2022 | $0.14 | 33.3% | 4 | $0.22 | 63.6% | 1.57x | 1.6% |
| 2021 | $0.11 | -50.0% | 3 | $-0.05 | — | — | 1.2% |
| 2020 | $0.21 | -50.0% | 2 | $-0.10 | — | — | 2.3% |
| 2019 | $0.42 | 0.0% | 4 | $0.28 | 150.0% | 0.67x | 4.7% |
| 2018 | $0.42 | 0.0% | 4 | $0.39 | 107.7% | 0.93x | 4.7% |
| 2017 | $0.42 | 5.0% | 4 | $0.21 | 200.0% | 0.50x | 4.7% |
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
13+ years return with dividends reinvested.
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DCA Calculator
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Peer Comparison
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ESBA — Frequently Asked Questions
Quick answers to the most common questions about buying ESBA stock.
How much dividend does ESBA pay per share?
Empire State Realty OP, L.P. (ESBA) pays a trailing 12-month dividend of $0.09 per share, with a current dividend yield of +1.6%. Payments are made Semi-Annual.
When is ESBA's next ex-dividend date?
ESBA's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. ESBA typically pays dividends Semi-Annual.
Is ESBA's dividend safe?
ESBA's dividend safety is rated "Sustainable" based on an earnings payout ratio of +49.8% and FCF payout ratio of +247.7%. The dividend history does not yet show a prolonged growth streak.
How many years has ESBA increased its dividend?
ESBA has not maintained a consecutive growth streak recently. The 5-year dividend CAGR is -7.8%.
How often does ESBA pay dividends?
Empire State Realty OP, L.P. pays dividends Semi-Annual. The trailing 12-month total is $0.09 per share. Dividend data on this page covers 13+ years from 2013 to 2026.
How much would $10,000 invested in ESBA grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in ESBA five years ago would be worth approximately $4,727 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is ESBA's yield on cost for long-term holders?
ESBA's yield on cost — the current dividend divided by the original purchase price — is +1.6% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +1.6% market yield, thanks to the lower original cost basis.